Oil Prices Mixed; Trade Concerns, Fed's Warnings On Economic Slowdown In Focus
Thursday, 21 March 2019 14:04 WIB | ENERGY |Minyak WTIMinyak jenis BrentMinyak Mentah

Oil prices were mixed on Thursday in Asia as the U.S. Federal Reserve highlighted signs of a slowing economy and raised concerns of slowing economic growth.

U.S. Crude Oil WTI Futures was down 0.1% to $60.13 by 12:56 AM ET (04:56 GMT). International Brent Oil Futures edged up 0.2% to $68.60.

On Wednesday, The Fed flagged slowing global and domestic growth as it left its benchmark rate in a range of 2.25% to 2.5%. The central bank also signalled there will be no more rate hikes in 2019.

Oil prices received support the previous day on the Energy Information Administration (EIA)'s announcement of an unexpected drawdown of nearly 10 million barrels in U.S. crude inventories last week. Analysts had expected a 300,000-barrel build.

The EIA report also showed U.S. gasoline inventories fell by 4.59 million barrels, nearly twice the expected draw of 2.41 million barrels. Distillate stockpiles dropped by 4.13 million barrels, compared to forecasts for a decline of 1.09 million.

Source : Investing.com

RELATED NEWS

Oil falls nearly 5% for biggest weekly drop since 2008
Saturday, 29 February 2020 02:53 WIB

U.S. oil prices experienced their steepest weekly fall since 2008 as the spread of the coronavirus stokes fears of slowing global demand. Investors are increasingly worried as the virus has spread beyond its epicenter in China to more than 40 other countries. West Texas Intermediate crude settled ...

Oil Prices on Track For Biggest Weekly Fall in 4 Years
Friday, 28 February 2020 18:40 WIB

Oil prices slumped to their lowest in more than a year on Friday and were set for their steepest weekly fall in more than four years as the spread of the coronavirus stokes fears of slowing global demand. Investors are increasingly worried as the virus has spread beyond its epicenter in China to mo...

WTI stays below $47.00 amid a mixed play of key catalysts
Friday, 28 February 2020 09:27 WIB

WTI bears dominate near $46.60, down 0.30%, during the early trading session on Friday. The black gold dropped to the lowest since early-January 2019 the previous day amid fears that coronavirus (COVID-19) will weigh on the global energy demand. However, the escalation of Turkey-Syria tension and Sa...

Oil settles at lowest since January 2019
Friday, 28 February 2020 02:54 WIB

Oil futures fell on Thursday, with U.S. prices marking a fifth straight session decline and settling at their lowest since January 2019 as energy demand concerns following the spread of COVID-19 continued to weigh on the market. April West Texas Intermediate oil fell $1.64, or 3.4%, to settle at $4...

Oil Falls For Fifth Day on Demand Concerns as Coronavirus Spreads
Thursday, 27 February 2020 18:39 WIB

Oil prices fell for a fifth day on Thursday to their lowest since January 2019 as a growing number of new coronavirus cases outside of China fuelled fears of a pandemic which could slow the global economy and lower crude demand. Brent crude was down 60 cents, or 1.1%, at $52.83 a barrel at 0741 GMT...

ANOTHER NEWS
Hong Kong, Shanghai Shares End With With Deep Losses (Review)
Saturday, 29 February 2020 04:19 WIB Hong Kong and Shanghai stocks took another battering on Friday, in line with a global sell-off that has wiped trillions off market valuations as investors fret over the economic impact of the coronavirus. The Hang Seng Index fell 2.42 percent, or...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.